New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-08-05
CLOSING PRICES or PHILA DRLPHTA sT00K&

THURSDAY, Aug. 4-P. n.
The offer Of the Treasury to anticipate any and all Of
its interest payments maturing on or before January l.
1885, at rebate per and to receive proposals
for the sale of tho IL per cent bonds August 10
and each succeeding Wednesday till further notice.
probably will prove to be greater In Its moral effect than
in actual results II disposes Of the ightmoney cry
which has been eecuay used for speculative elect
The offer includes IA per cent interest on
$3.50 100000 IL per cents, per cent on
S737 per cents. and per cent on s64 6235l2
Pacific g. which s $685.. 900 interest the IL
cents $14,759537 the per cents. and 81 242
on the per cents; total. So, 323 242 payable at tile
option OF the bondbolder and after August 15 OF
these various Issues the Treasury holds security
for National bank notes and for security OF Government
deposits the following sums: S78.6s7,000 1-2 per
cents $131.765950 per cents, and 49, 200 per
cents On these the aggregate interest offered to
be anticipated is $4,5o6,308. That is, the National
banks may August is draw that sum- less rebate OF
per cent annum, out OF the Treasury II they 30
elect As is their business to lend money and as they
1t at better than per cent It seems probable
that offer may be accepted to that extent but s not
probable that ordinary investors will to accept the
OFFER The result of the offer to purchase bonds will do
pend much the conditions OF the money markets;
but it is constant menace to any possible intended
manipulation of the money markets. The effect OF the
to-day advances OF Ia per cent in the bidding
81 per in the asking prices for the lbs, and
-2 per in the bidding and cent in the asking
prices for the Is Speculative holders OF the bonds prob
ably wiz learn from the result Of their first proposals to
sell to the Department that the bonds are worth no
more to the Treasury than they the public, and
that any effort to create market price standard for
the Treasury will prove failure. Considering the
greater value OF money for legitimate industrial and
commercial prposes the present quotations for Gov
ernments are abnomally high.
we sps ~ . uy ws onlS sss
than IL was one year ago uncIudng sSOooo0 greater
deposits In National banks and that its surplus was
probable that the Secretary will consent reduce the
surplus below 5000 OO00 or 81 100000
The stock markets tins morning AZ tne opening were
influenced By the Treasurys offer to antopae interest
and receive proposals for the sale OF AZ per cents
Ihi. suppiemeOtnx ye'terdays more importAO NJ
tuesdays reports RiU' concerning the financial
standing of several Arms. and cansed an early
this legitimate purchasing orders the occasion OF
first prices showing material advances on last even
ings closing figures Not only were the early figures
lshod before noon. The larger shorts stood aloof
on their remaining outstanding interest. rs it
have continued their efforts cover" IN such ,rket
as there this morning After the rush ald
S sd c ss had oa @p
2is per cent, was sold down to 4lis; 1t closed
A. aud St ;, Paul which sn a.d Tsen co. -
IT 81 L. and there general yielding In prices all
through the list The bearish talk OF the after
10 the effect that the Trcasury's offers did not
amount 10 ANYTHING would result relief aud for
OF some local trouble the Nevada Bank OF san
Francsco and its alleged connection with tho great
wheat in San Francisco brought 10 the front
The small prices, which perfectly
raj. and tho talk again set the whole contingent OF
the market generally materially higher than last
evening and while quiet was strong.
Government bonds were dun with the bids advanced
per the 4s and u for the 4s. Annexed
the closing quotations: